Market Analysis - 10 August 2015

U.S. data shows the expectation of US Federal Reserve rising interest rate in September and stable U.S. jobs growth. Dollar kept its grounds near four-month high through Monday. Net long dollar positions are at the peak since IMM data in June.

After U.S. nonfarm payrolls release showed 215,000 rise last month, dollar index was up at 97.639, after reaching 98.334 on Friday (the highest since April). The dollar jumped to a two-month high 125.07 yen on Friday.

Euro traded nearly flat at $1.0967 to the dollar.

Greece showed some optimism, while the officials surround the necessity to fast finale to bailout talks to save the country from financial disaster.

Turkish lira rose higher albeit the attack on the U.S. consulate building in Istanbul. According to the news, 10 people were injured in the terror attack.

Russia's Central Bank announced on Monday that the total foreign debt may be up to $35 billion between September and December. The debt repayments should not make extra demand for foreign currency.

China suffers another month of low exports of 8.3%, so far the biggest in 4 months and worse than forecast of 1.0% fall, causing emerging market assets reeling. While the slowdown in China’s economy has been predicted, the investors are shocked by the impact of the slowdown on the emerging markets.